According to a new survey from Accenture and Tech:NYC, 85 percent of companies in New York City plan to increase hiring new tech talent, and a majority of companies plan to increase tech hires by more than 20 percent in 2020. More so, 87 percent of companies are confident they can find the talent they need locally in New York City; however, nearly three-fourths of those companies report difficulty recruiting experienced hires.
The survey, based on the responses of 400 C-suite executives based in New York City with at least US$1 billion or more in revenue, found that a majority of companies (68 percent) have more open tech positions this year than ever before. Eighty-seven percent of companies are confident or very confident they can fill gaps from the NYC talent pool. When looking outside the city, Boston, Los Angeles and Silicon Valley are where companies tend to search.
According to the survey, the top three technical areas of expertise that companies are looking to hire for in New York are Cybersecurity (cited by 63 percent of respondents), Cloud (52 percent) and Web Engineering (50 percent). At the same time, respondents believe that, compared to other cities, New York City has the best tech talent in the country for Cybersecurity (cited by 55 percent of respondents), Web Engineering (44 percent) and Design thinking (40 percent).
Respondents also cited the top three ways local government and organizations in the New York City innovation ecosystem can continue to attract and retain tech talent:
- Apprenticeship programs: 50 percent of respondents believe that apprenticeship programs will help open doors for more people to get access to tech jobs.
- Education programs: 49 percent rank starting new educational programs in K-12 education as an important role in filling tech jobs.
- New policies: 46 percent feel that creating new policy that is friendly to companies and tech workers will help draw in more talent.